Retail TouchPoints

MARCH 5, 2021

The company is planning to open 100 new stores this year while at the same time relocating or closing 25 existing stores, bringing the net total of new stores in 2021 to 75. We feel good about the merchandising and operational plans that we have developed for this smaller prototype.

Planning 262

Planning Location Store Operations Accounting 262

Retail TouchPoints

JANUARY 11, 2023

Microsoft is gearing up to take a bigger piece of the growing retail media pie with the debut of a suite of new capabilities through its PromoteIQ marketing platform, which the company acquired in 2019. alone by 2024, accounting for 20% of total digital ad spend, according to Insider Intelligence.

Advertising 310

Advertising Planning ATS Marketing 310

Inside Retail

JUNE 13, 2022

Bain has been considering listing the Retail Zoo business since 2019, but the advent of Covid-19 saw those plans put on hold. Since then, sales have grown from $132 million in 2019 to $148 million last year, according to data from IbisWorld, with EBIT last year reaching $49 million. .

Accounting 246

Accounting Planning 246

Retail TouchPoints

MARCH 29, 2021

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets. billion , accounting for 35% of gross sales, according to Forbes.

Sporting Goods 321

Sporting Goods Specialty Retailers Wholesale Accounting 321

Retail TouchPoints

JULY 14, 2023

billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. per person, up from $1,199.43

Discount Store 242

Discount Store Department Stores Planning Accessories 242

Inside Retail

FEBRUARY 5, 2023

With Adamantem, we plan to invest in further expansion of our global footprint, leverage customer insights and analytics to drive our customer proposition and establish market-leading ESG frameworks for the business,” said Alani. “Retail Zoo’s brands are well positioned through cycles as an ‘affordable indulgence’ offering.”

Accounting 279

Accounting Planning Marketing Management 279

Retail TouchPoints

MAY 18, 2023

Touchland’s rapid growth has inspired founder and CEO Andrea Lisbona to invest in a robust enterprise resource planning (ERP) system that supports scalable, data-driven expansion. In 2019, Touchland closed deals with notable retail partners like Urban Outfitters , Bloomingdale’s and Neiman Marcus.

Planning 275

Planning Accounting Wholesale Consumer 275

Inside Retail

SEPTEMBER 19, 2022

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. It is targeting 30 per cent annual sales growth by 2025. Since then, the brand has opened 10 more.

Fashion 130

Fashion Planning Marketing Management 130

Retail TouchPoints

JUNE 27, 2022

The Team Sales business has historically accounted for less than 1% of Foot Locker’s annual consolidated sales. Foot Locker plans to fully consolidate the Eastbay.com retail website to the Champs Sports banner, completing the integration of these two banners that began in 2019. “We

Sporting Goods 248

Sporting Goods Apparel Accounting Marketing 248

Inside Retail

NOVEMBER 20, 2022

The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025. Since 2019, the business has grown revenue by 300 per cent, with $4.3 Founded in 2012 by CEO Tim Dunn, Bushbuck is a hunting and outdoor brand that uses a direct-to-consumer business model.

Outdoor 245

Outdoor Accounting Planning Marketing 245

Inside Retail

MARCH 14, 2024

In 1999, the Italian eyewear conglomerate Luxottica acquired the firm with plans to expand its sunglasses line. It was always our goal, as the the third part of the plan, to provide consumers can have the breadth of the entire experience of Revo under one roof,” he said. billion in 2019 and generated US$3.48

Location 130

Location Wholesale Consumer Planning 130

Retail TouchPoints

JANUARY 10, 2022

The company said in a statement that it plans to list on the New York Stock Exchange under the symbol MRFM, the same ticker it used in its previous listing on the Nasdaq. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

Specialty Retailers 278

Specialty Retailers Accounting Location Returns 278

Inside Retail

APRIL 13, 2022

B2B fashion e-commerce firm Zilingo has suspended its CEO, Ankiti Bose, after the company’s capital-raising plan led to questions about its accounting practices, according to Bloomberg. The company secured $226 million in its Series D round in 2019 led by Sequoia Capital and Singapore’s sovereign fund Temasek Holdings.

Finance 130

Finance Accounting Fashion Planning 130

Retail TouchPoints

NOVEMBER 11, 2022

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans.

Specialty Store 221

Specialty Store Planning Accounting Returns 221

Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. Apparel and beauty companies accounted for 80.1% of BNPL transactions in 2019 but fell to 58.6% The CFPB also found that BNPL usage has expanded to a wider range of retailers. in 2020; A total of 13.7% in 2020.

Consumer 254

Consumer Payment Services Apparel Accounting 254

Retail TouchPoints

NOVEMBER 29, 2021

The latest data from the Adobe Digital Economy Index revealed that out-of-stock messages rose a whopping 325% in October 2021 compared to the same month in pre-pandemic times (way back in 2019), and in the last month alone consumers have been hit with more than 2 billion out-of-stock messages online.

Shopping 311

Shopping Shipping Consumer Planning 311

Retail TouchPoints

JULY 14, 2021

This builds on Apple and Goldman’s existing partnership on the Apple Card credit card, which has been backed by the investment bank since 2019. Apple plans to make Apple Pay Later available both in-store and online, a nod to the growing cross-channel popularity of BNPL services. retailers since its launch in late 2014.

Payment Services 299

Payment Services Planning Accounting Marketing 299

Inside Retail

APRIL 22, 2024

By 2028, delivery is expected to account for 23 per cent of Asia Pacific food-service sales, compared to 21 per cent in 2023. Home delivery is expected to continue to capture more share in the coming years due to continuous improvements in convenience and service while takeaway is already losing some of its gains after the pandemic.

Kiosk 147

Kiosk Fulfillment Consumer Accounting 147

Inside Retail

NOVEMBER 16, 2022

Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278

Fashion Department Stores Planning Accounting 278

Retail TouchPoints

JUNE 11, 2020

Most of the closures are expected to be smaller, non- Zara branded locations, and the retailer also plans to open 450 new stores fitted with the latest sales integration technology. The retailer expects online sales to account for 25% of its total by 2022, up from 14% in fiscal 2019.

Fulfillment 217

Fulfillment Shipping Accounting Planning 217

Inside Retail

JANUARY 21, 2024

The American Book Association (ABA) measured 2,185 bookstore businesses, 2,599 locations, and over 300 more members in 2023 than it had in 2019, making its highest membership levels in over 20 years. In August 2019, Daunt was appointed as Barnes & Noble’s CEO, presumably to “save” the retailer in a similar manner.

Location 130

Location Accounting Shopping Marketing 130

Inside Retail

MAY 26, 2021

Shares of the Hollister and Gilly Hicks owner rose 11 per cent as it also posted a surprise quarterly profit and predicted second-quarter net sales to be at or above the pre-pandemic levels recorded in 2019.

Apparel 147

Apparel Accounting Returns Planning 147

Inside Retail

SEPTEMBER 20, 2023

Efforts to regain momentum at the label, which accounts for the bulk of sales and profits at Kering, have prompted broad change in the group’s top management. The group has also taken steps to broaden its revenue sources, announcing plans to buy high end perfumer Creed in June and a 30 per cent stake in fashion label Valentino in July.

Fashion 130

Fashion Boutique Accounting Advertising 130

Retail TouchPoints

MAY 29, 2020

Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. of its locations and plans to have all stores operational again by the end of June.

Department Stores 160

Department Stores Operating Expenses Store Operations Apparel 160

Retail TouchPoints

NOVEMBER 3, 2022

A recent survey from retail research firm NPD showed that the share of consumers’ planned shopping for the holidays ticked up this year for in-store versus online, in contrast to a long-term decline, and major retailers like Walmart and Party City just announced plans to direct the majority of their holiday hires to work on store floors.

Accounting 278

Accounting Returns Management Advertising 278

Retail Focus

JANUARY 24, 2023

Non-food retail was significantly down in 2022 when compared with 2019 figures. For example, textiles, clothing and footwear sales were down from 2019 but slightly up compared to 2021 sales volumes. A recent survey found that only 1% of retail traders will move away from retail, and 29% plan on adding to diversified portfolios.

Supermarket 130

Supermarket Accounting Marketing Returns 130

Inside Retail

OCTOBER 13, 2021

As recently as 2019, over 70 per cent of the value of B2B sales in Australia occurred through trade credit. And with the functionality to record transactions ledger-to-ledger and integrate with your existing accounting and ERP systems, your business’s finances will be automatically updated every time a sale, refund or exchange is made. .

Payment Services 355

Payment Services Finance Customer Experience Wholesale 355

Inside Retail

NOVEMBER 22, 2022

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. The Japan Tourism Corporation states that, in 2019, more than 30 million people visited Japan. But a better reference point is the corresponding period of 2019.

Department Stores 130

Department Stores Boutique Accounting Returns 130

Retail TouchPoints

APRIL 12, 2021

The penalty amount was determined by applying a 4% rate to Alibaba’s 2019 domestic revenues. The total accounts for less than 20% of Alibaba Group’s free cash flow over the last 12 months, said the company’s Executive Vice Chairman Joe Tsai in a conference call April 12.

Accounting 264

Accounting Promotions Marketing Planning 264

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams.

Finance 264

Finance Payment Services Accounting Returns 264

Mass Relators

APRIL 20, 2023

The company’s current president and CFO John Garratt will continue to serve as president until his planned retirement on June 2. I’m confident in Kelly’s ability to lead Dollar General as CFO based on her meaningful leadership and contributions since joining our team in 2019,” Dollar General CEO Jeff Owen said.

Promotions 52

Promotions Finance Accounting Planning 52

Inside Retail

MARCH 23, 2022

With the global luxury goods market expected to be worth around US$430 billion* by 2025 – and Chinese luxury consumption set to account for nearly half of that – Lanvin Group said it sees itself as “well-positioned to capture the enormous growth potential driven by flourishing demand for luxury goods globally”.

ATS 130

ATS Fashion Accounting Point of Sale 130

Retail TouchPoints

JULY 30, 2020

Households with children in elementary and high school are set to spend an average of $789.49 , far exceeding the 2019 record of $696.70. There was a high degree of folks who were cautious about whether their kids were prepared for the next grade, so there may be a tendency to over-compensate and spend a little more than initially planned.

Merchant Services 279

Merchant Services Advertising Apparel Planning 279

Inside Retail

APRIL 11, 2021

billion) – around 4 per cent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. The company said in a statement posted on its official Weibo account that it “accepted” the decision and would resolutely implement SAMR’s rulings.

Merchant Services 130

Merchant Services Accounting Marketing Planning 130

Inside Retail

AUGUST 4, 2021

billion) from the 2 billion it slumped to in 2020 and restore its operating profit margin to 12 percent of sales by 2025, the same level it was at in 2019 before the pandemic. Hugo Boss, known for its smart men’s suits, wants e-commerce to account for 25-30 percent of sales by 2025 from about 16 percent now.

Fashion 130

Fashion Accounting Planning Consumer 130

Inside Retail

NOVEMBER 25, 2021

We asked the brand how it arrived at the decision, what it has learned from its previous efforts to leave Facebook and Instagram, and how it plans to stay connected with customers going forward. Our current plan is to come off the platforms that have chosen to ignore their own evidence, but we will return if they make their spaces safe.

Advertising 130

Advertising Accounting Beauty and Health Planning 130

Inside Retail

JANUARY 10, 2024

The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Walmart is not resting on its laurels. There is also a new AR feature called ‘Shop With Friends’.

Shopping 262

Shopping Payment Services Social Commerce Checkout 262